equifax told me today that it will continue offering >> i want to hear from you.e telephone number is (415) 954-8151. >> interesting. thanks. >>> okay. the weekend is upon us. >> and there is something happening on sunday? >> what is it? what is it? >> probably the most important day of the year. >> foggy day? no. father's day. sunny over the bay and inland. overnight we will see more fog developing. overnight lows will be mainly in the low to mid-50s. tomorrow mainly sunny days again. it will be relatively cool day. cooler than average. inland highs. upper 60s to low 70s around the bay. and now let's talk about dad's day. starting in the early morning hours in sunday, lingering clouds and maybe spotty drizzle. it will be a bit cool. most temperatures in the 50s. skies brighter by noon. high temperatures in the upper 70s. upper 60s around the bay. and here is the accuweather seven-day forecast. once we get past the potential for drizzle. warmer weather for most of the week. back in the inland areas. >>> big things in sports. >> everybody is trying to catch the war

we just saw this huge equifax breach. i know that equifax had been under i think a five-year consent order. i don't know exactly what you called it. >> facebook, right? facebook has been under -- >> i think equifax had been as well. >> oh, yes. >> because of their sale of some mortgage data that violated the rules. anyway, my question to you is that what are you doing to get to the bottom of these incredible data breaches, which in the case of equifax, reportedly compromised the personal information of over 143 million americans? my understanding is you don't have supervisory authority. you only have sort of enforcement authority, is that right? >> that's right. the cfpb has supervisory authority. >> is there a way that you can step up, especially in the case of equifax, where you have a five-year agreement and the breach happened in march of last year during the pen densy of that agreement. can you use that as a mechanism to get under the hood and figure out what's happening. >> yes, for an existing order, we have the ab

. >>> equifax is boosting security. it includes several states including alabama and maine.gulators issued an order yesterday with new requirements. these include conducting security audits. you may recall 2017 equifax breach exposed personal information for about 147 million americans. >>> amazon delivery vans may soon be hitting the streets. today the ecommerce giant is rolling out a program encouraging entrepreneurs in the u.s. to launch amazon packages. they'll be able to lease blue vans with the amazon logo, buy amazon uniforms, and receive support. amazon says it can cost $10,000 on the lower end for someone to start a delivery business. >>> and dunkin' donuts is offering a sweet spin on classic fries. the company announced yesterday that doughnut fries will be available snagswide aftnationwi test run. they include five pieces of croissant-style dough tossed in cinnamon and sugar. >> fried dough, sugar and cinnamon, a sweet combination. >> i know. it reminds me of churros. >> exactly. diane king hall at the new york stock exchange. thanks a lot, diane. >> thank you. >>

given the various data breaches over the past few years, most notably the equifax data breach, i'm not sure that 2014 still holds that title. as our society increases reliance on technology and becomes accustomed to immediate access to information and services from companies, the risk of and the potential damage caused by data breaches continually increases. americans are becoming more aware of the amount of information, including personally identifiable information, or pii, that stored by companies and there's a growing realization that this information can be stolen or misused. the collection of pii by both the government and private companies is something that has long troubled me. many question how both use the data collected and how such data is secured and protected. the collection and use of pii will be a major focus of the banking committee moving forward as there's broad-based interest on this committee in examining it. today we will hear from witnesses regarding cybersecurity and about the risks to financial services industries and its preparedness. we've heard from many regu

you may equifax breach allowed hackers to steal the information of 150 million consumers.r be ready to spend more than you thought and more than you would have buying the same car just last year. it all comes down to supply and demand. it always does with gas prices going up, more consumer opting for smaller cars over larger. and suvs. sticker prices are on new small cars are up 5% over last year. that's hefty. used small cars are also in demand and secondhand buyers paying a small premium for them as well. >> probably good deals on trucks. >> getting better. getting better. >> thanks. >> we pay attention to you. >>> if you are looking for something fun and tasty this weekend we have you covered. >> nat is that zouves has ideas from the partners at hood line. >> if you are ready for the weekend we have delicious ways to celebrate. first the japan day festival coming to san francisco. take a look. maybe you have seen this on the instagram feed. a fluffy newtlea filled wavele with ice cream. we got a look inside the kitchenen. and there is an obsession with perfection making

but not security numbers like in the equifax breach. exact us as hot commentsed on the data leak. >>> time for a road trip, summertime. before you go you want to hear this report. >> "7 on your side" michael finney is here with information we need before we travel. >> when do we get there. >> are we there yet. >> it's time to pk up the kidsj the ultimate road trip. kid manila went big last year on the family summer road trip. >> this is my cross country charity. >> the manila family purchased a 35 foot long travel trailer for a 2 month nearly 12,000 mile cross country journey. >> yellow stone was a big crowd pleaser. >> but even the best trip can have bumps. >> we were driechgt through kansas on a highway and wound up with a blowout. >> although a set back, they were able to get help from a roadside assistance program. >> look for feature interruption in the roadside assistance program it can protect you miles away from home due to breakdown or theft. it can reimburse hotels males or alternative transportation. >> consumer reports says

think about the equifax the reach. said equifax was ok to sell.nd it was stolen. here is an area where security and privacy are completely in line. the better our privacy is protected from lost or being stolen. >> thank you. our friend from microsoft recommended -- mentioned a cloud act earlier. i was curious where they were taking it because there is not necessarily a consensus over whether it is a good thing for the public. withm not super familiar the cloud act but i know the electronic frontier and others were adamantly opposed to the cloud act and it seems it was passed in a circumvention way. so i was curious as to whether anybody had information. >> it is too basic things. one is there was a supreme court ise of microsoft, it challenging a probable cause recordsthat is seeking of data physically stored overseas. microsoft's argument is effectively that it permits and email warrant. in answer that question in the affirmative and says and email provider must disclose email regardless of where the data is, whether it is here in the united states or overseas. i

equifax was blamed on one patch not being applied.n you hear about tens of thousands of servers connected, this is a larger problem. the cloud allows us to do it from a central location. be more perceived weaknesses because we are putting a lot of things in one place but in reality it is a more severe -- secure infrastructure. we will have a more secure environment rather than a less one. up, as theng competition for your living room heats up, amazon double down. several big tech companies are hovering at all-time highs while placing data scandals and forcing regulatory risk. this is bloomberg. ♪ emily: this is "bloomberg technology." i'm emily chang. amazon has unveiled its newest piece of hardware featuring alexa. cube.e amazon fire tv it can power your home entertainment system and offers the basic alexa features, like answering questions. amazon is truly doubling down to dominate your living room. joining us now with more, the amazon vice president of product development in new york. thank you so much for joining us. you have comb

. >> after this equifax breach happened, sign-up set credit karma -- sign ups at credit karma actually which means consumers would trust another financial institution with their personal data to protect themselves. what is your rion? ken: this is something that will happen more and more. we want to make sure we have the right access and protection. for us, there is this part of the relationship that really matters. the outrage at times was with a company that he did not have a relationship with and your information got breached. for credit karma, we make sure consumers understand access and education and make sure they have it. >> there is a lot of talk about how credit companies collect and aggregate user data. you collect a lot of sensitive information on your users. how are you applying that data and keeping it safe? ken: the key is beginning people -- giving people access to information they historically do not see. we are providing access, and number two, consumers have more power to see when there are errors. the other part of that is the first party aspect. consumers are giving

equifax breach happened, sign-up set credit at creditign ups karma actually spiked.is your reaction? ken: this is something that will happen more and more. we want to make sure we have the right access and protection. there is this part of the relationship that really matters. for credit karma, we make sure consumers understand access and education and make sure they have it. >> there is a lot of talk about how credit companies collect and aggregate user data. how are you applying that data and keeping it safe? key isey key -- the beginning people access to information they historically do not see. providing access, and number two, consumers have more power to see when there are errors. the other part of that is the first party aspect. consumers are giving us consent to look at that information. information,e that and i think those are important aspects of the business. work a trail blazer -- were a trail blazer in applying in giving this to consumers, but now it is no longer novel. one in three americans use credit karma. why is that and how do you keep growing mark

security and what happens when companies have your information and don't protect it, for example the equifax breach which affected every single person in this room, using our information which we never said to equifax was ok to use and sell, they had and it was stolen. here is an area where security and privacy are oh -- are in line because the better they are protecting that data, the better our securities being provided -- being protected. >> thank you. my friend from microsoft mentioned the cloud act earlier. i was curious on everyone's take on the cloud act. it was not necessarily a consensus in terms of whether it was a good thing for the public. i'm not super familiar with the cloud act but i know the electronic frontier, and some groups were adamantly opposed to the cloud act. and it seems like it was passed outside the traditional way of going through omnibus. i was curious if anyone had any input on the cloud act. the cloud act is two basic things. one, there is a supreme court case, commonly called microsoft the island. microsoft is challenging a probable cause warrant that is seek

you were looking at less loved tech names >> equifax was one of those.the leaders today for the s&p 500, a disproportionate number of them were down 20% off their highs. what that kind of suggests to me is the rally's been roll for awhile here. and after awhile, the market naturally looks for things that haven't participated whether it's trying to figure if they're going to catch up a little bit i think that's what was going on here banks really represent that as well they were getting picked up today. and for much of the day, fang proper was down. so facebook and amazon and all the rest -- >> the juggernaut. it is interesting to see some of those names popping like that today. carrie, what were you picking up >> well, it's interesting that a week ago we were talking about the crisis in italy and the banking system in the entire eurozone falling apart now we're talking about the nasdaq at all-time highs and the rally continuing so the market has become, again, comfortable with the state of the world. and we had first quarter earnings that were excellent

. >>> in a settlement with california and seven other states equifax is agreeing to conduct securitys and develop new strategies to safeguard consumer information. if the company fails or drags its feet there could be hefty fines. a breach allowed hackers to steal the personal information of nearly 150 million people earlier this year. >>> taking a live look at the new york stock exchange now, trading is under way this morning and we're up 221 points to 24,436. banks and nike credited for part of an early surge today. we'll keep monitoring it. >>> did ed sheeran steal a hit from marvin gaye? >> that is the question in the middle of a lawsuit. ♪ darling, i will be loving you till we're 17 ♪ >> the lawsuit claims that his mega hit "thinking out loud" sounds too much like the marvin gaye classic "let's get it on." "good morning america" is talking about it this morning. it alleges sheeran and his producers copied at least nine elements from the song including melody and harmony. copyright owners want big bucks in return. a similar lawsuit was thrown out in 2016. a lot of musicians sayin

the poster child being the equifax ceo testifying in front of congress there was one person responsibleor patching. you have to have a holistic view of your environment, understand your critical aspects are, and a program in place to address any coverage or vulnerability that exists. you need to be able to communicate to the board to say, hey, there's a pci environment. i am using authentication. but by doing so it will buy down a risk in these types of different environments. from the d.o.d. side, we try and use several approaches such as the navy online training, for example. that's just basic administrative training, transcontinental work, we are flying troops in and out of combat missions. so we're going to have different production policies in place. >> so what keeps you up at night? when you think about worst-case scenario, what keeps you up and what is your perspective of top challenges and top opportunities? >> i think one of my top concerns is the staff, that we spent $76 billion on cybersecurity last year. and can anyone say we're getting better with, again, 500,000 routers be

adam: breaking news, credit reporting agency equifax agreeing to do more to protect consumer data in a new deal with banking regulators from eight states. this comes after a cyberattack that exposed data on more than 140 million people. the company agrees to review its hacking defenses and give its board more responsibility to be able to protect consumers. melissa: a failed attempt on immigration is a resounding defeat for the, quote, compromised immigration bill. we're breaking down congress' next move to fix broken systems. adam: democratic shocker, major upset in new york's primary. he a 28-year-old socialist crashed the blue wave and defeated the chairman of the house democratic caucus? melissa: and peter strzok is facing lawmakers on capitol hill. the highly anticipated interview of the fbi agent who vowed to stop donald trump from becoming president coming up. we're going to be joined by a member of the house judiciary committee who questioned strzok behind closed doors today. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking o

equifax agreed to boost oversight and improve processes and perform a detailed assessment of cyber threatshe credit reporting agency said it had already completed many of those tasks prior to signing that deal. meantime a big day at morgan stanley, joining us now with more on the diversy in the c suite in portfolios. carla harris, vice chairman managing director and senior client adviser >> hi, good morning. >> so this is not just a classic diversity conference, it's different? >> that's exactly right. this is not really a diversity conference at all. it is a leader's conference, we're talking from global capital marks, crypto currency, nationalism, populism. what makes this a senior multi-culture leaders conference is we are targeting the most senior african-americans, hispanic americans, asian americans and asian indians in corporate america today. by virtue of who is speaking, that makes it different the content at all is not about diversity and inclusion the way we think about conferences >> so why have a separate conference that focuses on this audience you will not be talking any dif

did equifax share information about you with the breach in time to help your bank's customers? >> no. >> okay. okay. thanks. >> senator warner, just under the wire. you've got five minutes or less. >> thank you, mr. chairman, for that gracious accommodation. >> we always appreciate you. >> and this hasn't been asked. mr. venable, we have a lot of legacy i.t. systems that are out there and, you know, how do we make sure as we do upgrades? my understanding is is the uk just went through a complete meltdown when they tried to -- when one of the banks tried to do an upgrade of their system. how are we thinking through this issue of -- as we think about 21st century cyber security when we've got the legacy itc systems in place? >> thank you, senator. it's a fascinating question because one of the things in my testimony i was keen to point out is cyber security is tremendously important but it's not the only risk that society faces. we have multiple risks, not least including how we maintain and update legacy systems to make sure that those are equally protected with all the new syst

catherine) people are still reeling from the news - since this informationhack is even bigger than the equifax breach... a small florida- based marketing firm called "exactis" - had data on hundreds of millions of americans and businesses....an d it was somehow leaked. exactis is accused of exposing 340-million records...including things like phone numbers, home addresses, e-mail addresses... even information on the users' hobbies and children. at least the information did 'not' include payment information and social security information. but it's still enough to give hackers plenty of ammunition. meantime in california - a data privacy bill considered themost far-reaching such policy in the country was it will nsumers to o their data sold, among other provisions. the new law will take effect on january 1st, 20-20. ken and pam? (ken) a california bill that bans new local taxes on sodas and other sugary drinks - has been signed by the goveror. it prohibits cities and counties from creating new taxes on soda for the next 12 years.. lawmakers reluctantly passed the legislation... but only in the

the equifax breached, for example, and don't worry, i had the security breached two years ago, there's nothing out there, nothing new to be seen we're already in the files of the dark web, so the question is how will that information be used inappropriately and to protect ourselves from the inappropriate use as opposed to presume that a data audit is actually going to claw back. >> please. >> if i may, there is somewhat convoluted, but potential combination of the two comments. just that you could reward good actors that can demonstrate that the data was collected in a kind of ethical or a consensual way and here is what facebook is attempting to do with data partnerships with the data brokers it's working with. as it clawed back its policies it said you need to promise us that you got the e-mail addresses in a legitimate way. whether those promises are true, but you can say certain actors can have essentially a duty to prove to you the data was collected responsibly, received certain benefits and safe harbors and the other actors kind of operating a gray market and always will, we cou

the equifax breach, for example. when my wife asked if we were breached i said i had the security clearance breach. everything is out there. we are already in the files of the dark web. the question is how that will be used inappropriately as opposed to presuming that a data audit is going to claw back. >> this is somewhat convoluted but this is a potential combination. you can reward good actors that demonstrates that it was collected in a ethical way. this is what facebook is trying to do with the data brokers that it is working with. it says you need to promise us that you got these email addresses in a legitimate way. whether those promises are true -- you can say that certain actors have a duty to perp to you that the data was collected responsibly. -- to prove to you that the data was collected responsibly. you would give them safe harbors. the other actors would operate in a gray market and always will, we would hopefully see them kind of diminish over time. >> we saw in this industry over many years, there wa

one more great one, before high-profile attacks on sony pictures -- tax on sony pictures, equifax, another a stuff of legend. a band of criminals and 2013 using a piece of malware to penetrate more than 100 banks in 40 countries, forcing atm's to cough up money and stealing $1.2 billion. although the suspected , theeader is under arrest gang is just getting started on a new robbery, the full report including exclusive interviews with law enforcement officials and computer crime experts is in the latest issue of bloomberg businessweek. joining us from london is a writer of a report, and robinson. -- ed robinson. bighas this case been so and yet we have not really heard anything about it? type of a primordial attack when you look at the history of the spectacular hacks. -- debt has been well known in law enforcement. what made it -- it has been well known in law enforcement, they use the tools of cyber espionage, state backed agencies, when they go into a network, they want to place it under surveillance. that is what they did according to the police. they used be a fishing to --bauer into a

breaking news on equifax. a former manager at that company charged with insider trading.s a software manager. according to the court records was trying to find what was behind the massive breach of people's information. with the people's data was exposed. now prosecutors say it was caught in what they call insider trading. that was the moment when the breach was announced. it has not recovered to the levels previously. we have a big hour coming up. leaked memos to show that there is internal debate at the aclu. some people there only want to protect our progressive speech others and not happy about that. we will have someone who stopped donating as a result she will make her case chaos and venezuela. it is virtually useless. keep in mind socialist just won the primary in new york. we are on it. a new poll shows what they are thinking for 2020 and it's not what we been seen. no new ideas. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight,